What tools do you use for forecasting and planning? This article explores several applications, including Budgyt, Mint, and FreeAgent. If you use one of these applications, let me know which one you prefer! There are several other tools available, as well, that are worth checking out as well. Here are some of the most popular:
Budgyt
A reliable and effective budgeting and forecasting tool, Budgyt is built by seasoned power users. This tool’s built-in features, including formula inputs, version control, and quick search navigation, enable faster budget planning and better data accuracy. Additionally, users can create unlimited budget versions with strict user permissions to ensure security. The tool also allows total users to access data and perform analysis on variances.
When choosing a forecasting and budgeting tool, it is crucial to find the right one for your company. Budgyt is cloud-based and streamlined for ease of use. Its intuitive interface and easy-to-use features make it an excellent choice for mid-sized organizations. Users can even enjoy discounts on annual billing. The program’s cost depends on the type of subscription plan you choose.
Cube
If you’re looking for a solution to your forecasting and budgeting needs, Cube is an excellent option. The application’s intuitive interface and native integrations make it a smart choice for smaller businesses with up to 500 employees. In addition, the software is scalable, with pre-built modules and features that enable you to plan and forecast your business.
It also has a steep learning curve, so you may need professional assistance to get started. Additionally, the software is not exceptionally stable, and regular bug fixes are required. This means that Cube can be expensive and requires a lengthy implementation process. Finally, it is not transparent, so you’ll need to consult your finance team before using it.
FreeAgent
When it comes to planning and managing the business finances, a healthy cash flow is necessary. In addition, having enough cash on hand in case of an emergency or unexpected expense is a significant benefit. FreeAgent automatically creates a near-term cash flow forecast based on the information you input into the system. In addition, it offers a comprehensive guide to strategic cash flow management.
FreeAgent is an excellent cloud-based accounting and finance software, automating essential admin tasks like expense tracking and invoicing. With its in-app help, you can easily find out if any of your clients need help. The dashboard also displays which clients need more assistance. Users can also specify auto-sync settings for clients so that their data is updated automatically. You can also import a client’s data from FreeAgent.
Mint
Mint is an excellent tool for planning your monthly income and expenses. It uses forecasting to determine how much money you’ll earn and spend throughout the month. The app displays a progress bar as your paychecks arrive. It can also provide you with a breakdown of your spending habits. So whether you’re on a tight budget or trying to avoid overspending, Mint can help you find the right balance.
The app is straightforward, letting you create your budget and allocate monthly limits to each category. It even tracks your spending by category, giving you automatic alerts when it’s time to pay bills. The app gives you recommendations based on your spending habits and lets you adjust your budget as needed.
Budgets are color-coded, and you can move money quickly between them. Mint is available for Mac, PC, and iPhone. If you need more information on forecasting and budgeting tools, you can visit websites like thriveverge.com
